Tonight is French Night on iBC, as ably demonstrated by Le Fly, who’s been buzzing around the streets and back alleys of Brooklyn on a moped, wearing a mime outfit and carrying hardened assault baguettes with which he has been smacking passing bearshitters.

As a consequence, our entertainment tonight will be of the French variety.  Someone sent me this following vid … some fan I guess (of the girl, not me).  I was intrigued, given the alleged huge popularity of this young woman over in Francais-land.  

Putting my French prejudices aside (as always), I look at this vid and I say — “what the hell is wrong with these people?”

I mean… haven’t they ever seen a Madonna video?  A far more hideous woman, from Michigan no-less, and yet, she makes for a far more entertaining spectacle, what with her sweaty dance kicks and conical breastusses-plates and all.  

Watching this piece, one is compelled to ask — what brilliant choreographer designed the 18-inch diameter dancing circle this young nymphette was forced to remain within?  And, was it John Travolta who taught her the “hand jive” she’s so desperately working here… maybe less to the music and more to the invisible flames engulfing her hands? 

Get this woman an L.A. talent agent, post-haste!    (Anton, I am suggesting you apply.)

And will someone… someone please insert a decent “Yo, Adrian!” at approximately 3:57 of this piece?   Thank you.

  [youtube:http://www.youtube.com/watch?v=ceSxEjwXHcM 450 300] 

_____________

As for the market today, we saw some winship and we saw some consolidation.   As a consequence, I think [[TBT]] is ready to go north tomorrow after a nice pullback today.   [[BAA]] was a glorious win of many flying colors, and I don’t think it’s done yet.   I still like Allied Nevada Gold Corp. [[ANV]] and [[EXK]] .   If I had to have a favourite (sic) Jackson tomorrow, besides TBT, it would likely be Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] — pray for a pullback on the latter.   Eldorado Gold Corporation (USA) [[EGO]] should also be examined closely.

That’s all for tonight.   Wait, there’s one more before I forget… Corriente Resources Inc. [[ETQ]] has popped on my radar, and will likely get some follow through tomorrow.    Also, I added 2k more [[BIOS]] — if you get anything this year, break off a little bit for this consistently stair stepping winner.

Best to you and I will try to continue to update you tomorrow.

Name/		%		%		Portfolio	Portfolio
Ticker	15-Jul	Change	16-Jul	Change		Value	Impact		Comments
ANDE	$     29.20		$      29.30	0.34%		$        8,847	0.02%		Could follow up w. the MOS & POT wins
EGO	9.05		9.20	1.66%		$        8,620	0.09%		Like to see it get above $9.50 here
GDX	38.29		38.33	0.10%		$      11,601	0.01%		50 day at 39.07,  might get resistance there.
GLD	92.24		91.98	-0.28%		$      10,578	-0.02%		Held up at the 50 day (92.08)
IAG	9.99		10.05	0.60%		$      12,392	0.04%		Closed over the fifty day
MON	76.46		75.74	-0.94%		$        4,442	-0.03%		Got the pullback we expected, to the 50day
NRP	22.27		22.89	2.78%		$        4,751	0.08%		All of a sudden looking strong.
PAAS	19.30		19.12	-0.93%		$      11,483	-0.06%		Closed over the fifty day, $20 the test now
RGLD	40.51		40.59	0.20%		$      11,216	0.01%		Still under 20 & 50 day.
SLV	13.06		13.09	0.23%		$      10,634	0.01%		POS consolidating here
SLW	8.41		8.39	-0.24%		$        8,150	-0.01%		Consolidating
SSRI	18.62		18.76	0.75%		$      10,913	0.05%		Needs back over $19.
TBT	53.19		52.00	-2.24%		$      10,359	-0.14%		Will likely buy tomorrow on this pullback
TC	11.61		11.81	1.72%		$        5,540	0.06%		Getting ready to crank one out
TCK	18.46		20.03	8.50%		$      13,318	0.68%		JUST BTFO.  Likely consolidate now.
TZA	21.28		20.35	-4.37%		$        4,100	-0.11%		Prolly get some strength tomorrow
Cash (000)	$      0.00		$    26.42	0.01%		26,420.79	0.00%		Same
AVG (daily)				0.46%		$ 173,365	0.68%
AVG (monthly)				2.78%		Actual
AVG (inception)				16.09%		Return	15.58%

Comments »

This is a far shortened version of the post I wrote last night that got eaten by WordPress, curse their bones. Apparently, not even the autosave was working last night.

In summary, yesterday was a bag full of fruity jelly beans and bottle rockets. The three I told you to watch — Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and [[TBT]] were up some 8+%, 7+% and 5+%. They are still all buys here.

The silvers shocked me, many of them heading back over all the moving averages they had fallen below. But then silver always makes violent moves — it’s the Al Capone of the precious metal world. The silver Jacksons did well, with Silver Wheaton Corp. (USA) [[SLW]] — my favourite (sic) — doing the best at over 6% up, but in the personal holdings, non-Jackson junior [[EXK]] was the superstar, up over 14.2%.

I expect all the metals to have pullbacks today after yesterday, but I don’t think this was a headfake, either. I think the inflation numbers are starting to percolate. Remain cautious, but be sure to continue accumulating and filling out your well diversified list of juniors. These are lotto tickets (witness [[BAA]] as of late) and you just never know when they will come in. Another great example is Golden Star Resources Ltd. (USA) [[GSS]] , hat tip to whomever reminded me of them again yesterday.

Gun to my head picks today include Allied Nevada Gold Corp. [[ANV]], [[BAA]]  and more Thompson Creek Metals Company, Inc. [[TC]] . I will seek to start getting rid of my [[TZA]] today as well on any strength. Cash is starting to slow down the portfolio performance, as you can note from the relative performance numbers below. Have a great day.

Name/		%		%	Portfolio	Portfolio
Ticker	14-Jul	Change	15-Jul	Change	Value	Impact		Comments
ANDE	$      27.97		$         29.20	4.40%	$           8,816	0.23%		Winship
EGO	8.71		9.05	3.90%	$           8,480	0.20%		Ditto
GDX	36.76		38.29	4.16%	$         11,589	0.29%		$HUI bounce told the tale, to $43?
GLD	90.81		92.24	1.57%	$         10,608	0.10%		Above all the MA’s again, looks good
IAG	9.65		9.99	3.52%	$         12,318	0.26%		Winship
MON	74.70		76.46	2.36%	$           4,484	0.06%		A little overbought now, expect pullback
NRP	21.34		22.27	4.36%	$           4,622	0.12%		Decent volume move but now overbought
PAAS	18.24		19.30	5.81%	$         11,592	0.40%		Broke DT, back above consolidation zone
RGLD	39.54		40.51	2.45%	$         11,194	0.16%		Back over 200 day looking good
SLV	12.72		13.06	2.69%	$         10,609	0.17%		Nice one day move, POS = 13.33
SLW	7.88		8.41	6.73%	$           8,169	0.33%		Above downtrends now
SSRI	17.93		18.62	3.85%	$         10,832	0.25%		In consolidation zone, below all MA’s
TBT	50.63		53.19	5.06%	$         10,596	0.32%		Winship
TC	10.72		11.61	8.30%	$           5,446	0.27%		Extraordinary winship
TCK	17.15		18.46	7.64%	$         12,274	0.56%		Winship
TZA	23.99		21.28	-11.30%	$           4,287	-0.29%		Will ditch on break of $20, or sooner
Cash (000)	$       0.03		$       26.42	0.01%	26,420.79	0.00%		Same
AVG (daily)				3.27%	$     172,337	3.45%
AVG (monthly)				2.21%	Actual
AVG (inception)				15.35%	Return	14.89%

Comments »

I think there’s some good news in the commodity sector.  I still don’t trust the silvers yet (under 200 day MA’s still)though I’m holding every last one.   I like Thompson Creek Metals Company, Inc. [[TC]] and Teck Cominco Limited (USA) [[TCK]] here a lot.   Monsanto Company [[MON]] is still sick, but [[TBT]] may be a purchase tomorrow as well.

I’ve been running myself ragged here, so the joozy picks will have to wait for tomorrow, but I’ve some nice looking juniors– NovaGold Resources Inc. (USA) [[NG]] , Northgate Minerals Corporation (USA) [[NXG]] , New Gold Inc. (USA) [[NGD]] and [[BAA]] — that I think will be worth your while.   [[BIOS]] should also be bot with all due prejudice. 

Let’s see what Intel Corporation [[INTC]] does for us here, too tomorrow.   But the best news would be for the Obamarxist’s socialized medicine plan to get shot down.  The Obamanists  say they’ll do it even without any GOP votes at all — which is hubris beyond all understanding, and political risk,  if one is a thinking prudent Dem.   I just don’t see that happening on such a third rail issue as the destruction of our innovative and life-saving  modern health care system.   They haven’t all swallowed the kool-aid down in Jonestown yet.

So there’s hope, which may give a boost to this market that means more than fat tech earnings.   More talk of juniors and such tomorrow.  Jacksons commentary below.   Best to you all.

Name/			%	Portfolio	Portfolio
Ticker	13-Jul	14-Jul	Change	Value	Impact		Comments
ANDE	$        27.37	$     27.97	2.19%	$        8,445.05	0.11%		Got an oversold rebound
EGO	8.47	8.71	2.83%	8,161.27	0.14%		Closed just above 20&50 day (8.69)
GDX	35.93	36.76	2.31%	11,125.91	0.15%		$HUI Bounce trade working nicely here
GLD	90.19	90.81	0.69%	10,443.93	0.04%		approaching 20 day @ $91.11
IAG	9.32	9.65	3.54%	11,898.89	0.25%		Closed over 50 day ($9.61)
MON	73.55	74.70	1.56%	4,381.23	0.04%		Held over $70, approaching 20 day ($75.61)
NRP	21.37	21.34	-0.14%	4,429.22	0.00%		Back over 20 day, 50 day @ 21.95
PAAS	17.99	18.24	1.39%	10,954.95	0.09%		Needs to get over $19 to break DT
RGLD	39.32	39.54	0.56%	10,925.67	0.04%		Still under 200 day @ 39.68
SLV	12.66	12.72	0.46%	10,331.44	0.03%		Still bouncing off 200 wk MA,  as noted
SLW	7.68	7.88	2.60%	7,654.13	0.12%		Still well under all MA’s
SSRI	17.73	17.93	1.13%	10,430.48	0.07%		In consolidation zone, below all MA’s
TBT	49.02	50.63	3.28%	10,085.66	0.20%		Breaking downtrend today, may get more
TC	10.20	10.72	5.10%	5,028.86	0.15%		Launching again, may be back in tomorrow
TCK	16.47	17.15	4.13%	11,402.93	0.28%		Above all the MA’s again, looks good
TZA	24.45	23.99	-1.88%	4,832.81	-0.05%		Fading, but holding hedge
Cash (000)	$         0.03	$    26.42	0.01%	26,420.79	0.00%		Same
AVG (daily)			1.75%	$ 166,953.22	1.66%
AVG (monthly)			-1.00%	Actual
AVG (inception)			11.22%	Return	11.30%

Comments »

—-  Back Among Friends —

______________

C’mon, you know I couldn’t resist a low hanging curve like this one.    But enough about the not-so-mourned paedophile (sic), as it looks like the real Jacksons are breaking out again.  Even with the modified [[TZA]] hedge position, I still came away with a righteous 2.73% up day yesterday for the JCHP.

And that’s not including the sundry “side-bets” I made courtesy of the Chart Addict Casino and Burlesque Review.    I try not to play long there, as it can be “addicting.” 

Yesterday, while the site was down, I played around a little with the Jacksonian Portfolio Presentation again, and while I don’t think I will reveal the actual stock holdings every day, I thought the additional information below might be helpful for you to understand how I am trading within the portfolio to harvest gains and manage risk.   So today, I’ve done away with the “comments” portion in order to show you the actual holdings as of yesterday. 

As a point of clarification, the only change I made yesterday was to sell one half the TZA hedge position at $23.67, taking a little over a dollar loss on 201 shares (I still hold the remaining half).     That left me with a bit over $13,440 in cash in the position.  For the purposes of the weighting, I have cash sitting at an annual return of 2.5%.  

As you will see it was an amazing day yesterday, as silver cleared $14.00 and gold held steady as well, pushing the $940 area (we are flirting with that price again today, despite the rest of the market being down).   I think the miners will likely take a rest today and we may even be in for more consolidation.  The trick is not to get impatient here, and to manage your positions for the next major cycle turn. 

For today, continue to keep an eye on the junior miners, including Jacksonian Eldorado Gold Corporation (USA) [[EGO]] , and non-Jacksonians NovaGold Resources Inc. (USA) [[NG]] , New Gold Inc. (USA) [[NGD]] , Northgate Minerals Corporation (USA) [[NXG]] , Allied Nevada Gold Corp. [[ANV]] , Aurizon Mines Ltd.(USA) [[AZK]] and maybe most important, Rubicon Minerals Corp. (USA) [[RBY]] .  This should be a consolidation day for all of those, so shop with “moth hands.”

As for silvers, they are all strong relative to the market today as the underlying metal is making a nice return over $14 here.  Keep an eye on micro-junior [[EXK]] for action, and also [[CDE]] which seems to be a day ahead of its brethren, and may have a consolidation day today as well.

As for the non-PM’s… I continue to like Teck Cominco Limited (USA) [[TCK]] here, and good old Jacksonian Thompson Creek Metals Company, Inc. [[TC]] might run into trouble again at its 38.2% fib retrace at $10.88.   More in updates to come…

Jacksonian Core Holdings with Cash & Stock Weightings

Name/					Position’s	Number of	Percentage	Weighted
Ticker	24-Jun	25-Jun	% Change		Port Value	Shares	of Port	return
ANDE	$        28.84	$ 29.95	3.85%		$   18,085.75	603.86	10.34%	0.40%
EGO	8.51	9.39	10.34%		8,798.43	937.00	5.03%	0.52%
GDX	38.49	39.99	3.90%		12,103.51	302.66	6.92%	0.27%
GLD	91.45	92.31	0.94%		10,616.44	115.01	6.07%	0.06%
IAG	9.99	10.58	5.91%		13,045.62	1,233.05	7.46%	0.44%
MON	76.16	75.66	-0.66%		4,437.53	58.65	2.54%	-0.02%
NRP	20.92	20.83	-0.43%		8,646.74	415.11	4.94%	-0.02%
PAAS	18.47	19.34	4.71%		11,615.62	600.60	6.64%	0.31%
RGLD	43.74	46.00	5.17%		12,710.69	276.32	7.27%	0.38%
SLV	13.68	13.81	0.95%		11,218.52	812.35	6.41%	0.06%
SLW	8.34	8.81	5.64%		8,557.48	971.34	4.89%	0.28%
SSRI	18.65	19.65	5.36%		11,431.07	581.73	6.53%	0.35%
TBT	53.03	51.03	-3.77%		10,165.34	199.20	5.81%	-0.22%
TC	9.63	10.31	7.06%		4,836.52	469.11	2.76%	0.20%
TCK	16.12	15.99	-0.81%		10,631.65	664.89	6.08%	-0.05%
TZA	24.86	22.74	-8.53%		4,581.18	201.46	2.62%	-0.22%
AVG (daily)			2.48%		$ 161,482.09	Equity value	92.32%
AVG (monthly)			-5.89%		$   13,440.07	Cash	7.68%	0.00%
AVG (inception)			16.22%		$ 174,922.16	Tot Port Value	100.00%	2.73%

Comments »

With the summary dimissal of [[TSO]] this week, I have an opening in the ranks I’d like to fill.   In fact, I may open the barracks to two or more if the stars align properly and there are attractive combatants ready to take the pledge to hard money and portfolio longevity that our General Jackson demands.  

One course I’m considering is having the Jacksons act as a 20-man platoon, with certain soldiers being held either partially or fully in reserve during times of either overvaluation or imminent reversal, whilst the others take up the battle against the Federal Reserve and it’s 12-battalion band of Redcoat brigands.   I believe I will represent this through a “going to cash” metric that I will include in my daily reports. 

For example, my sale of TSO resulted in a net cash position of $9,357  (a little more than a $640 loss from the original $10,ooo invested).   While TSO will soon come off the roles entirely, I will keep that cash for reinvestment purposes going forward, thereby keeping the Jacksonian Portfolio to the same accounting I’m using in my own portfolio.  

This method will also help better track my partial sales, like my “one third” position sale in [[TC]] the other day at $11.21, which would have yielded me an additional $5,250 in cash (keep in mind, the original $10,000 in TC was invested at $7.11 on May 1st.  Therefore, even after having sold a third, I have over $11,000 in value remaining ).   

So given those two sales, my cash position is up to $14,600, and burning a hole im m’ pocket.

I will work on adding these cash parameters so you can have a better idea of what I’m doing every day in my portfolio, and a better view on how I’m hedging the port against cyclical downturns.

In the meantime, I welcome suggestions with regard to additional Jacksons.  I can tell you now that the precious players will have a leg up and [[GG]] and [[AUY]] remain in the top contenders.  That said, I will look forward to your calls here.   Remember that I like liquidity, and volatility is not a plus in the Jacksonian fold.  Long term value trumps all, however, especially in the context of an inflationary or continuing deflationary market.  

Best  to you all.

___________________

Addendum:   Forgive the indulgence.   I have one last tribute for my girl’s nativity.  Appropriately, it’s a song about a heart-stealing Kentucky woman, from the master himself, back before his voice went out altogether:

 [youtube:http://www.youtube.com/watch?v=Iq7ZkdNNPKI 450 300]

Comments »

Actual Photo of Fly Taking in Today’s “Winnings”  (IOU marker from Devil Dog)

Over at the PPT’s special “User Notes” running commentary section, otherwise known as “The Smoke Filled Room,” we are slowly, slowly, ever so slowly, mining the equity markets for all of their loose cash.    We are being quiet about it, and despite the clamor on this site, not too braggadocious– especially considering how efficiently we are picking the purses of the slug footed, tuft-eared mutual fund “management” drudges. 

That PPT.   That conflation of laser-sited market research and shared expertise, combined with the real-time shout outs of the elite membership… Hooo!  That sucker is hitting on all cylinders right now!   By Jupiter’s Stone, we may just suck all the stamped coinage out of this market before we’re done  — that is, all but the occasional TARP fund or whatever other “rescue” device Congress manages to filch from your pockets for eventual distribution into ours.  

It’s almost not fair.   Almost.   Luckily, we’re accommodating folk and friendly to strangers, so you can still join us and add to the fun we’re having.   So far, there’s still some dough in the market not yet claimed.   Come, give a hand. 

_____________________________

In the land of Jackson, it’s a sad and blighted day.  Not so much as because of the over all portfolio performance — as it actually ended up today despite the laggard pace of the PM’s as they continue to consolidate last month’s move.   No, it’s sad because we’re tossing a soldier from the ranks today for gross insubordination.  Yes [[TSO]] fell below the $15 level again, and like Captain Bligh chewing apples seeds on the mizzen deck, I decided to make an example of him.  So I had him horsewhipped and thrown out into the street with the scallion leavings, bad porridges and other cobblestone-riding flotsam.

I had my stop set at $15, but the excellent execution of the House of Pershing took me out of my shares at $14.98, which is where I will leave that price (an ignonimous  loss of 6.43% since inception buy at $16.01) for the remainder of the week and/or until I find a replacement.   Because I “bought” every position in increments of $10,000 for purposes of this portfolio’s proper accounting, my next purchases will only use the $9,357 in cash left over from that sale.  

(As an aside, I suppose I should also make some allowance for the one third sale of [[TC]] yesterday, but that may be getting a bit overcomplicated for this grouping.  We’ll see how it goes).

The comments are relatively self-explanatory — I sold 1/2 the calls on my [[TBT]] position today, and probably should have sold more, but there it is.   Bruce gambled, and he won by selling early, as I sold my July 60 calls for $2.15 when TBT was just above $58.00.  [[TC]] remains a beast — like [[ANDE]], it’s over 70% since inception now,  while its exiled brother, TSO, remains a piece of dog offal.  

Be gone with it, and good riddance. 

 Jacksonian Core Portfolio Holdings Results

Name	10-Jun	11-Jun	% Change		Comments
ANDE	$    30.48	$     30.70	0.72%		Crawling up the trendline again.
EGO	9.13	9.15	0.22%		Nowhere on light volume.
GDX	40.80	40.92	0.29%		Closed right on the 61.8% retrace
GLD	93.86	93.70	-0.17%		POG actually up $4.10 today.
IAG	10.21	10.08	-1.27%		Mirroring the GLD chart.
MON	85.85	86.85	1.16%		Sold 25% more MONGO’s today at $12.70 (+63%)
NRP	24.01	24.21	0.83%		Still laboring, looking for $24.60
PAAS	22.15	22.61	2.08%		Stochs turning up again, low volume, though
RGLD	43.90	43.92	0.05%		Looks like it’s headed for the TL again (43.60)
SLV	15.01	15.13	0.80%		PO Silver up about 24 cents.
SLW	10.18	10.26	0.79%		Touched trendline, and rebounded.
SSRI	22.75	22.81	0.26%		Stoch up on low volume too.
TBT	58.77	57.52	-2.13%		Sold off as expected.  Sold 1/2 July Calls.
TC	11.32	12.13	7.16%		Godzilla rebukes me for selling some yesterday.
TSO	15.35	14.98	-2.41%		Sold on break of $15.  Frozen @ $14.98 price for the month.
AVG (daily)			0.56%
AVG (monthly)			-0.32%
AVG (inception)			25.50%

Comments »